Major downtown Bridgeport mixed-use apartment tower hits market
COSTAR
The City Trust building at 955 Main St., in downtown Bridgeport.
City Trust Collection, one of Bridgeport's early office-to-apartment conversions, is for sale.
The mixed-use property at 955 Main St., near Hartford HealthCare Amphitheater and Total Mortgage Arena, is seen as a major piece of the city’s downtown redevelopment efforts.
The 12-story historic bank building spans a full city block and consists of 117 market-rate apartment units. Average residential rents are projected to be $1,989 a month, according to a marketing brochure from the broker, Northeast Private Client Group in Shelton.
The building also contains 42,238 square feet of commercial space and a 240-space parking garage.
Two of the commercial spaces, totalling 12,000 square feet, are vacant. They could be converted into about 20 additional apartments to generate more than $450,000 in additional revenue a year, according to the broker.
The building was constructed in 1928 and renovated in 2000. It recently underwent apartment upgrades and a roughly $1.75 million renovation of the parking garage in 2024.
The 1.3-acre property, which is in a federally designated Opportunity Zone, is owned by Valhalla, New York-based Ginsburg Development Cos.
According to the real estate listing, City Trust Collection offers a new owner “a dynamic value-add opportunity of significant scale in Bridgeport’s rapidly evolving CBD (Central Business District).”
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